Page 12 - Union Properties General Report - August 2024

Trading activity on the exchange decreased during August 2024, after
witnessing a broad increase in July-2024. Total volume of shares traded
declined by 15.1 per cent in August 2024 to reach 5.9 billion shares as
compared to 6.9 billion shares during the previous month. On the other hand,
the total value of shares traded recorded a drop of 11.6 per cent to reach
Dh22.7 billion during August as compared to Dh25.6 billion in July 2024.
Adnoc Drilling topped the list of the most active stocks table during the
month with 654.5 million traded shares followed by Apex Investment and
Multiply Group which traded 620.1 million shares and 540.1 million shares,
respectively.
In terms of value traded, IHC topped the table with Dh4.6 billion worth of
shares changing hands during the month followed by Adnoc Drilling and
Alpha Dhabi Holding Company at Dh2.9 billion and Dh1.6 billion, respectively.
In the wider region, the MSCI GCC index witnessed a marginal gain of 0.2 per
cent during the month reflecting the mixed performance at the country level.
Oman was the best performing market in the GCC during the month with a
gain of 1.8 per cent that came after two consecutive months of decline.

https://www.khaleejtimes.com/business/markets/dubai-equities-shine-brightest-in-gcc-this-year